Denver-based Liberty Oilfield Services Inc. proved the contrarian during the third quarter, and it appeared to pay off, as it acquired a top-tier pressure pumping business, gained entry into the gassy Haynesville Shale, and un-furloughed all of the employees who were sent home last spring in anticipation of brighter days ahead.

Haynesville Oct 28

Revenue jumped 67% from the second quarter, CEO Chris Wright said during a conference call Wednesday to share third quarter results. Business looks bright enough to forecast  20%-plus sequential growth in average active hydraulic fracturing (fracking) fleets for the final three months of the year. 

“As our industry emerges from the depths of the downturn, our third quarter results showcase an endorsement from our customers of our high-quality service...